Mkts end first session of 2010-11 on strong note

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Sensex, Nifty: Market Updates
Mumbai, Apr 1: After two days of profit booking, Indian markets closed the first session of 2010-11 fiscal on a strong note.

The 30-share BSE Sensex ended at 17,692.62, up 164.85 points or 0.94 per cent and the 50-share NSE Nifty surged 0.79 per cent or 41.40 points to shut shop at 5,290.50.

The BSE Smallcap Index closed 2.43 per cent higher while Midcap Index gained 0.88 per cent.

While selling in Bharti Airtel, ONGC, HUL, Maruti, M&M, Tata Power, Idea Cellular, Ambuja Cements, BPCL, Power Grid and Siemens, echnology, metal, capital goods, banking & financial and realty stocks along with heavyweight Reliance Industries and Tata Motors witnessed buying interest.
4: 36 PM

Mkts back in the green zone on +ve Asian cues

Riding on the back of positive Asian cues, the Indian markets are back on the positive path. While Nifty held on to the early trade gains, Sensex maintained a 100 point surge.

At 1: 24 pm, BSE Sensex was trading at 17634, up 106 points and NSE Nifty was at 5277, up 29 points.
The broader indices continued to outdo the benchmarks. The BSE Midcap Index was up 0.74 per cent while Smallcap gained 2 per cent.

After seeing turbulance over the past few session, the Technology stocks were up. TCS, Wipro and Infosys rose 2 to 2.5 per cent.

Posting encouraging fourth quarter numbers, BHEL gained 1 per cent. Heavyweight Reliance Industries gained 1.5 per cent, SBI rose 0.5 per cent and HDFC surged 1.7 per cent.

Among the other gainers were Tata Motors, Cairn, Jaiprakash Associates, L&T, Reliance Infrastructure, Suzlon Energy and Grasim along with shares of realty and metal companies as they witnessed buying interest.

On the negative side, selling was seen in ONGC, Bharti, HUL, SAIL, Maruti (its QoQ sales numbers were not strong), Tata Power, M&M, BPCL, NTPC, Ambuja Cements, Siemens, Power Grid and Idea Cellular.
2: 13 PM

Mkts choppy; auto, FMGC stocks suffer selling

Nifty is rangebound between 5260-5280 amid trading choppy with a positive bias. Sensex was marginally up. However, the broader indices were outperforming the benchmarks.

At 11.42 am, Sensex was up 71.93 points or 0.41 per cent at 17599.70, and the Nifty up 20.65 points or 0.39 per cent at 5269.75. BSE Midcap was up 0.6 per cent and Smallcap index was up 1.7 per cent.

While IT, consumer durables, realty, capital goods and pharma were witnessing buying interest, selling was plaguing auto and FMCG stocks.

Wipro was the top largecap gainer. Among other gainers were Reliance Infra, TCS, Jaiprakash Associates and Reliance Power up 1.6 to 2 per cent.

Reliance was trading up 0.98 per cent, IT major Infosys was up 1.53 per cent while Hindustan Lever was down 2.95 per cent.

However, HUL, Maruti Suzuki, Tata Power, ONGC and Bharti Airtel slipped 1 to 1.5 per cent.

Procter and Gamble, Hind Oil Exploration, Essar Shipping, Puravankara Projects and Pfizer were midcap gainers while Shree Renuka, Asian Star, Simplex Infra, KS Oils and Sunteck Realty slipped.

Rico Auto, Sterling Holidays, Websol Energy, BAG Films and Carol Info gained in the smallcap arena. However, Rollatainers, Oriental Hotels, Cholamandalam DBS, JMD Telefilms and Oscar Inv lost.
12: 42 PM

After 2 days of profit booking, Nifty bounces back

After reeling under two days of profit booking, Nifty on Apr 1 bounced back starting the month on a positive note.

At 9:02 am, NSE Nifty was trading at 5274, up 25 points and BSE Sensex was at 17616, up 89 points. The CNX Midcap rose 48 points to 7753.

The markets were, however, experiencing volatility.

Technology, metal, telecom, auto ahead of monthly sales numbers and select banking stocks along with Reliance Industries were the early gainers.

Buying interest were seen in fronliners such as M&M, Reliance Communications, DLF, Hero Honda, Tata Steel, Infosys, IDFC, Reliance Power, Cairn India, Ambuja Cements, HDFC and HCL Technologies.

On the negative side, Tata Power and HUL dipped.

In the Midcap and Smallcap arena, Mundra Port plunged over 4 per cent. Sugar stocks like Shree Renuka Sugars and Balrampur Chini shed 0.5 to 1.5 per cent while Rana Sugurs plummeted 4.7 per cent.

The gainers were TVS Motors up 2.6 per cent, Shree Ashtavinayak and TV18 up over 1.5 per cent, Welspun India up 3.4 per cent, and United Bank of India up 2.6 per cent.
9: 47 AM

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